Yoma

Yoma: DBSV maintains its BUY with TP of $0.82, citing that the recently approved US$100m loan from ADB reflects its support for Myanmar and Yoma. The US$100m loan approved earlier in the week is intended to be utilized on improving infrastructure for sustainable growth in Myanmar. For Yoma, although it remains in net cash position, this additional source of funding comes in very handy for the company’s development in many areas which are supportive of growth and development for the country.